Common use of New Businesses Clause in Contracts

New Businesses. Borrower shall not, and shall not permit any Company to, engage in any type of business except the types of businesses in which they are presently engaged and any other reasonably related business.

Appears in 12 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

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New Businesses. Borrower shall not, may not and shall may not permit any Company to, to engage in any type of business except the types of businesses in which they are presently engaged and any other reasonably related business.

Appears in 6 contracts

Samples: Credit Agreement (Monro, Inc.), Credit Agreement (Monro Muffler Brake Inc), Credit Agreement (Monro Muffler Brake Inc)

New Businesses. Borrower Borrowers shall not, and shall not permit any Company to, engage in any type of business except the types of businesses in which they are presently engaged and any other reasonably related business.

Appears in 4 contracts

Samples: Credit Agreement (Innkeepers Usa Trust/Fl), Credit Agreement (Innkeepers Usa Trust/Fl), Credit Agreement (Innkeepers Usa Trust/Fl)

New Businesses. Borrower shall not, and shall not permit any other Company to, engage in any type of business except (a) the types of businesses in which they are presently engaged and any other reasonably related businessbusiness (including distribution and logistics services), and (b) New Ventures (so long as the Investment in such New Ventures is otherwise permitted by Section 8.6).

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Prologis Trust), Credit Agreement (Prologis Trust)

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New Businesses. Borrower shall not, may not and shall may not permit any -------------- Company to, to engage in any type of business except the types of businesses in which they are presently engaged and any other reasonably related business.

Appears in 1 contract

Samples: Credit Agreement (Morningstar Group Inc)

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